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Tuesday, August 15, 2017

Links of the Day: More 2nd Quarter Updates, Lordstown Plant Supported by Community, and More

Seeking Alpha: Gulfport Energy's (GPOR) CEO Mike Moore on Q2 2017 Results - Earnings Call Transcript - "On the operations front, in the Utica the team delivered solid results experiencing significant efficiencies at the drill bit and exceeding numerous previous records set in the field. During the second quarter, we spud 28 gross wells utilizing six operated rigs. The well released during the second quarter had an average drilled lateral length of approximately 8,409 feet, up 3% over the first quarter and 12%..."

Cleveland.com: Legal Efforts to Stop Gas Pipeline Dealt Blow by Magistrate - "A federal magistrate in Akron has dealt a significant blow to efforts by some Ohio property owners to stop a high-pressure natural gas pipeline from being built. U.S. Magistrate Kathleen Burke in a written recommendation filed Monday said the U.S. District Court in northern Ohio lacks jurisdiction to consider..."

Youngstown Vindicator: State Board Hears Support for 2nd Clean-Energy Plant in Lordstown - "Bill Siderewicz, president of Clean Energy Future, the company asking the Ohio Power Siting Board to approve construction of a second gas-fired power plant at the Lordstown Industrial Park, touted the project at a hearing Thursday in Columbus. Siderewicz said he and an electrician from Lordstown who works on the first Lordstown Energy Center plant both spoke in favor..."

Reuters: U.S. Shale Breakeven Price Revealed Around $50 - "U.S. shale producers need a WTI oil price around $50 per barrel to break even, according to an analysis of financial statements for the second quarter. Fifteen of the largest shale oil and gas producers reported total net losses of $470 million for the three months between April and June when benchmark WTI prices averaged..."

The Times Leader: Monroe Chamber Prepares for Economic Growth - "Monroe County business leaders and government officials are counting on an upswing in the local economy, mostly due to activity in the oil and natural gas industry. Barbara Carslund of the Monroe County Chamber of Commerce said she is optimistic that jobs and industry are on their way to the county, and her organization is helping to pave the way for..."